Westgate, along Loop 101 and Glendale Avenue, is near Gila River Arena, home of the National Hockey League's Arizona Coyotes, and State Farm Stadium, home of the National Football League's Arizona Cardinals.

Parsons did not detail his vision for the property when he announced the purchase, but the new venues hint at the direction he plans to go.

Golf-entertainment venue Topgolf plans to open at the northwest corner of Loop 101 and Bethany Home Road, just across the freeway from University of Phoenix Stadium, in 2018. Michael Baxter/Baxter Imaging LLC

Fat Tuesday, a venue with food, frozen drinks and a dance floor, plans to expand from its Tempe location to Westgate in April 2018. Jeremiah Toller/Special for azcentral.com, Jeremiah Toller/Special for azcentral.com

Interested in this topic? You may also want to view these photo galleries:

Movie-themed escape room

Escape Westgate, the city's first take on the popular entertainment trend where people must find clues and solve puzzles to complete the game and "escape," will open in early December, Managing Partner Paul Boyd said.

The escape room will open in a 2,700 square foot space between IT’SUGAR and Salt Tacos y Tequila.

"We looked at different locations and Westgate was always our number one," Boyd said. "This is a perfect home for us and working with YAM has been amazing.”

The venue is billed as the only escape room in the Valley that will feature licensed movie themes such as Terminator 2: Judgement Day, Escape, Bill and Ted’s Excellent Escape Room and The Mummy Escape.

All elements from props, riddles and game play are designed around the movie, according to Boyd.